Productivity in second quarter 2005
August 10, 2005
Productivity in the nonfarm business sector—as measured by output per hour—increased at a seasonally adjusted annual rate of 2.2 percent during the second quarter of 2005. Output increased 4.4 percent and hours of all persons rose 2.1 percent.
Output per hour grew at a 3.2-percent annual rate in the first quarter of 2005, as output increased 4.3 percent and hours increased 1.1 percent.
Hourly compensation in the nonfarm business sector increased 3.5 percent in the second quarter of 2005, less than the 6.9-percent rise one quarter earlier. When the rise in consumer prices is taken into account, real hourly compensation fell 0.6 percent in the second quarter of 2005 after increasing 4.5 percent in the first quarter.
These data are from the BLS Productivity and Costs program. Data are subject to revision. Additional information is available in "Productivity and Costs, Second Quarter 2005, Preliminary" (PDF) (TXT), news release USDL 05-1513.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Productivity in second quarter 2005 on the Internet at http://www.bls.gov/opub/ted/2005/aug/wk2/art03.htm (visited October 02, 2014).
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